START YOUR MORNING BY LISTENING TO TODAY’S BIZNEWS BREAKFAST BRIEFING PODCAST – Bain gets real SA-related pain with a 3 year UK ban; Markets fret as Pelosi teases China; ‘Generation Moonshot’ investors
(If you’re struggling to access BBB via Spotify or iTunes, an audio-only version is also available on the BizNewsTV channel on YouTube).
Catch up with the latest on BizNews.com
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- Gloves off in FMF fracas: Rex v Schalkwyk vs Leon Louw
- When the risks are so high, can we hope for change?
- SA calls for more streaming regulation (Netflix, Disney+ in crosshairs)
- Naledi Pandor’s ‘unstatesmanlike diatribes’
- Find peace by living like a Stoic
- Best of BizNews #7: Ivermectin: Are we trusting a handful of experts?
- Best of BizNews #6: SA’s Nobel Prize scientist lockdowns “a huge mistake”
- Boardroom Talk: By-election results show ANC now down to 41%, on track to lose badly in 2024 (Premium)
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Hain (+ Williams) give Bain real pain – banned for 3 years by UK
Proof that one person really can make a difference is this morning’s news that the American consultancy Bain & Co has been banned from all UK government business for three years.
SA-born former UK cabinet minister Peter Hain has been on a campaign against Bain because of the firm’s destructive involvement in SA State Capture. The Zondo Commission confirmed that Bain facilitated the hollowing-out of the country’s once world class tax collection service (SARS). It conspired replace more than 100 highly skilled SARS managers, including the CEO, with compromised Zuma lackeys.
Hain and whistle-blower Athol Williams – the former Bain exec who was forced to flee SA because of spilling the beans – recently met with British Cabinet Office minister Jacob Rees-Mogg. The FT reports this morning the UK minister yesterday informed Bain that it is no longer welcome in the country’s public sector.
Ironically, Bain’s business in South Africa is booming. The firm has secured enough fresh business from both the public sector and corporates to expand into new offices. Eisch. Roll on 2024.
* NB – If you’re looking for the perfect seaside pad/retirement spot, join me next Wednesday (10th) at noon when I’ll host an interactive webinar on the new development inside St Francis Links. I’ve visited and was mightily impressed. The webinar is open to all, but you do need to register beforehand – click here to sign up.
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